Hewlett Packard Enterprise (NYSE:HPE) declared a quarterly dividend on Thursday, January 18th, RTT News reports. Investors of record on Wednesday, March 14th will be given a dividend of 0.075 per share by the technology company on Wednesday, April 4th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date is Tuesday, March 13th.
Hewlett Packard Enterprise stock opened at $18.79 on Monday. The company has a current ratio of 1.06, a quick ratio of 0.93 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $29,443.93, a PE ratio of 15.79, a P/E/G ratio of 1.58 and a beta of 1.82. Hewlett Packard Enterprise has a fifty-two week low of $12.69 and a fifty-two week high of $19.48.
Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings results on Thursday, February 22nd. The technology company reported $0.34 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.12. The firm had revenue of $7.70 billion during the quarter, compared to the consensus estimate of $7.07 billion. Hewlett Packard Enterprise had a return on equity of 7.40% and a net margin of 4.52%. The business’s revenue was up 11.6% compared to the same quarter last year. During the same period last year, the company earned $0.45 earnings per share. analysts anticipate that Hewlett Packard Enterprise will post 1.4 EPS for the current year.
In related news, CFO Timothy C. Stonesifer sold 161,858 shares of the company’s stock in a transaction that occurred on Friday, March 2nd. The stock was sold at an average price of $18.30, for a total transaction of $2,962,001.40. Following the transaction, the chief financial officer now directly owns 158,726 shares of the company’s stock, valued at approximately $2,904,685.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Philip Davis sold 16,405 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $18.51, for a total value of $303,656.55. Following the transaction, the insider now directly owns 5,665 shares in the company, valued at $104,859.15. The disclosure for this sale can be found here. Insiders sold a total of 2,760,834 shares of company stock worth $49,109,532 over the last three months. 1.18% of the stock is owned by company insiders.
Hewlett Packard Enterprise announced that its board has initiated a share buyback plan on Thursday, February 22nd that allows the company to repurchase $5.50 billion in shares. This repurchase authorization allows the technology company to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.
A number of analysts have recently issued reports on the company. Sanford C. Bernstein reaffirmed a “buy” rating and issued a $18.00 price objective on shares of Hewlett Packard Enterprise in a research report on Wednesday, November 22nd. Zacks Investment Research cut Hewlett Packard Enterprise from a “strong-buy” rating to a “hold” rating in a report on Friday. Oppenheimer reissued a “buy” rating and set a $17.00 price target on shares of Hewlett Packard Enterprise in a report on Wednesday, November 22nd. Robert W. Baird reaffirmed a “hold” rating and issued a $15.00 price objective on shares of Hewlett Packard Enterprise in a report on Wednesday, November 22nd. Finally, UBS reaffirmed a “neutral” rating and issued a $19.00 price objective (up from $15.00) on shares of Hewlett Packard Enterprise in a report on Friday, February 23rd. Two investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and eleven have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $17.46.
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About Hewlett Packard Enterprise
Hewlett Packard Enterprise Company is a provider of technology solutions. The Company’s segments include: Enterprise Group, Software, Financial Services and Corporate Investments. The Enterprise Group segment provides its customers with the technology infrastructure they need to optimize traditional information technology (IT).
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